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Investegate announcements from Power Metal, Results for the Year Ended 30 September 2021

A selection of the stories appearing today on the Proactive website

26 May 2021     Power Metal Resources plc the AIM listed metals exploration and development company is pleased to announce its unaudited interim results for the six months ended 31 March 2021. Statement by Paul Johnson, Chief Executive Officer:   "In the six months ended 31 March 2021 we have pushed the Power Metal business to explore extensively across its project portfolio with, in our view, some excellent and very fortunate findings. We are seeking large scale metal discoveries with the emphasis on plural as we believe our portfolio is capable o...

  The vendors include shareholders of FDR Australia and various third parties with interests in the exploration properties (the "Vendors").    As part of the Transaction FDR Australia is to be acquired outright by a new UK private company ("FDR UK"), in which Power Metal is to hold a 75% initial interest and the Vendors a 25% initial interest.   The acquisition of FDR Australia will not be undertaken until the Ripon Hills Project has been successfully transferred into FDR Australia and a granted exploration licence has been received by FDR Australia in...